Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/109468 
Erscheinungsjahr: 
2013
Schriftenreihe/Nr.: 
ADB Economics Working Paper Series No. 345
Verlag: 
Asian Development Bank (ADB), Manila
Zusammenfassung: 
Private investment in Malaysia has been sluggish since the Asian financial crisis. One explanation is that the growing presence of government-linked corporations (GLCs) has been crowding out private investment. For the first time, we provide empirical evidence on the relationship between GLC presence and private investment. We find that when GLCs are dominant in an industry, investment by private firms is significantly negatively impacted. Conversely, when GLCs do not dominate an industry, the impact on private investment is not seen. To revive private investment in Malaysia, government must not only redress its growing fiscal deficit, but also expedite its program of divestment.
Schlagwörter: 
Malaysia
private investment
government-linked corporations
crowding-out effect
JEL: 
E22
F20
F21
J78
O53
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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